Why Qfin Stock Is Skyrocketing Today
Qfin (NASDAQ: QFIN) stock is seeing massive gains in Wednesday's daily trading session. The China-based fintech company's share price was up 25.1% as of 1:50 p.m. ET.
After yesterday's market close, Qfin published its first-quarter results -- and shares are rocketing higher despite some mixed data in the report. While the company's non-GAAP (adjusted) earnings per American depositary share were in line with expectations, sales for the period came in lower than anticipated.
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Source Fool.com
